AUD Weekly and 5-day range
AUD swinging back towards the MAY low breakout and the Weekly 50% level.
It is too early to tell on the direction, but a Weekly 50% level and 5-day high resistance on Friday will often start the following week with a downward bias.
Resistance:- 8556-93
Above 8593 is a random pattern as it's not in a 'bullish trend or BUY set-up'
Euro Weekly and 5-day patternI was expecting more upside this week as part of a rotation towards the June 50% levels.
That might still occur but will need to be helped by a breakout of the 3-day highs.
Trend guide:- Yellow & 1.2248
